Conforming 

Allrate Funding has 10, 15, 20, 25, and 30 conforming fixed rate loans and 10/1, 5/1 and 3/1 conforming adustable rate loans. 

Mortgage borrowers need to understand and measure risks when deciding between an adjustable-rate and fixed-rate conforming mortgage. For more information read the overview or schedule a free mortgage consultation below.

The benefit of a fixed-rate conforming mortgage is that the homeowner will not have to contend with varying loan payment amounts that fluctuate with interest rate movements. There is typically a trade-off between risk and reward when it comes to choosing between an adjustable-rate mortgage and a fixed-rate mortgage. Depending on market conditions (the shape of the yield curve), an adjustable-rate mortgage might have a large initial payment advantage over a fixed-rate mortgage. However, if such a scenario exists, there is a probability that the payments on the adjustable-rate mortgage will rise over time.